Most VAT registered builders who are also registered for the construction industry scheme (CIS) will be aware that a fundamental change in the way they calculated and administered VAT was planned from 1 October 2019 under the new reverse charge…
Wellwood Hoyle Associates Limited
Philip Hoyle FCCA, Online Chartered Certified Accountant, Bolton Le Sands, Carnforth, Lancashire. Tel 01524 824240
Tag: Reverse Charge
NEW VAT RULES FOR BUILDING FIRMS
In just over six months, builders, contractors and other trades associated with the building industry will have to get to grips with a new way of accounting for VAT. Essentially, building firms will be required to charge themselves VAT when…
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